债券发行

Models in the paper indicate that firms can make use of bond covenants such as the call provision, the put provision, the sinking fund provision and convertibility to increase the term to maturity of a bond issue and at the same time reduce the aggregate of the agency costs and transaction costs associated with it.

模型证明，发行企业债券时运用提前赎回条款、卖回条款、偿债基金条款和转换权等债券契约条款可以同时达到降低发债总成本和延长企业债券融资期限的目的。

A kind of bastardized fallen angel burst onto the investment scene in the 1980s -"junk bonds" that were far below investment-grade when issued. As the decade progressed, new offerings of manufactured junk became ever junkier and ultimately the predictable outcome occurred: Junk bonds lived up to their name. In 1990 -even before the recession dealt its blows -the financial sky became dark with the bodies of failing corporations.

不过到了1980年代大量假冒的失翼的天使充斥着整个投资界，也就是所谓的垃圾债券，这些债券在发行时企业本身的信用评等就不佳，十几年下来垃圾债券越来越垃圾，最后真的变成名符其实的垃圾，到了1990年代在经济衰退引发债权危机之前，整个投资界的天空已布满着这些假冒失翼天使的尸体。

Firstly, the author gives the idea to make Chinese bond law system. In addition, the central government plays the role of examining, approving and enduing the local government with the power of issuing the bond.

解：其一，提出我国政府债券立法的总体思路，政府债券统一立法并赋予地方政府发行债券的权利，由中央政府严格核准审批。

Off these loans to them, in order to return the funds as soon as possible, so they packaged these loans, issuing bonds, similar to, sub-loan interest rates of bonds are certainly higher than the priority of course, the bond loan interest rates higher pyronaridine.

放出这些贷款的机构呢，为了资金尽早回笼，于是就把这些贷款打包，发行债券，类似地，次贷的债券利率当然也肯定比优贷的债券利率要高咯。

Debentures, debenture stock, bonds or other securities may be made assignable free from any equities between the company and the person to whom the same may be issued.

公司债券、股票债券、债券或其他证券可转让股票不受该公司与人同日发行。

Any debentures, debenture stock, bonds or other securities may be issued at a discount, premium or otherwise and with any special privileges as to redemption, surrender, drawings, allotment of shares, attending and voting at general meetings of the company, appointment of directors and otherwise.

任何债券、股票债券、债券或其他证券可发行折扣溢价或者以其他任何特权，以赎回投降，素描，配售股份出席大会并参加表决的公司董事和另有任用。

Eurobond: A Eurobond is a bond denominated in a currency other than that of the country in which it is issued.

欧洲美元债券：欧洲美元债券是一种发行人以在发行所在国以外的其他货币进行标价的债券。

Eurobond: A Eurobond is a bond denominated in a currency other than that of the country in which it is issued.

市政债券：市政债券是由州或地方政府发行的债券。

Eurobond: A Eurobond is a bond denominated in a currency other than that of the country in which it is i ued.

市政债券：市政债券是由州或地方政府发行的债券。

Because how to design provisions will have great impact on issuances and conversions. Besides, corporate can control those provisions by itself, so it has much practicality.

要实现可转换债券市场的健康发展，首先应解决好可转换债券条款设计方面存在的问题，因为条款的设计对于可转换债券的发行、转股能否成功尤为重要，并且公司可以自己控制相关条款，有较强的现实操作性。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。